Links 25 September 2013

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Global Macro / Markets:

  • Markets are starting to worry about the debt ceiling, in one chart – Washington Post
  • Soros to Goldman Poised to Win on Crisis-Era Housing Bet – Bloomberg

North America:

  • Has the Fed Been Fooled by Phony Jobs Numbers? – Bloomberg
  • Economy Can’t Be All That’s Slowing Health Costs – Bloomberg
  • How Bad Data Warped Everything We Thought We Knew About the Jobs Recovery – The Atlantic
  • Why the commercial real estate crash never came – Fortune
  • Case-Shiller: Comp 20 House Prices increased 12.4% year-over-year in July – Calculated Risk
  • US home prices up, but confidence dips – The AFR
  • ’No taper’ shouldn’t have been a surprise: New York Fed boss – CNBC

Europe:

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  • Houses beating households, London edition – Financial Times
  • Germany’s strange parallel universe – Financial Times
  • Greece, lenders see smaller recession of 4.0 pct this year – sources – Reuters
  • German business climate improves; UK mortgage approvals leap – theguardian.com
  • News Release – Monetary policy and forward guidance in the UK – a speech by David Miles – Bank of England

Asia:

  • Chinese finance: A phrase book for the perplexed | Considered View – Breakingviews
  • China’s best-known credit-ratings firm is raising red flags over climbing local-government debt – Wall Street Journal
  • BOJ’s aggressive QE finally brought down JGB yields – Sober Look

Local:

Other:

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.